M Market Ou utlook

S2
M
Market
Ou
utlook
23rd Dec
D 2014
MARKETS IN G
GOOD CHEEER; CNX IT MAY ALSO CA
M
ATCH UP AFFTER SMALL CORRECTIO
ON; DIPS SHO
OULD BE BO
OUGHT IN NIIFTY AND BA
ANK NIFTY; N
NIFTY SUPPO
ORT COMES A
AT 8200, MINOR RESISTA
ANCE AT 835
50. •
•
•
Up move continues in
i Bank Niffty. Prices have
h
seen a big up movve today annd closed att its day higgh. Prices
a the verge of making new life tim
me highs. T
Trend is up in
i this sectoor and we shhould be loo
oking for
are now at
a buying opportunityy. Prices aree moving tow
wards the taarget near 18895. Stop for that trad
de comes att 18400.
t
very choppy todday and clossed at its daay high. Treend is very strong on upside.
u
IT Stocks are
CNX IT traded
giving uss a buying opportunityy. The sectoor has com
me out from
m a deep coorrection so
o this up move
m
may
continue for
f some m
more time. Loook for a buuying opporrtunity in thhis sector.
Short Terrm Trend iss now up in FMCG Secctor. Pricess are tradingg inside a laarge tradingg range, findd support
at the boottom of thee rally and
d moved upp from therre. As of now, ITC, H
HINDUNIL
LEVER andd ASIAN
PAINT are the outperformer inn this sectorr. Prices haave seen a correction
c
inn these stoccks. That correction
t
in
seems over as pricess are findingg support att lower leveels. Look foor buying inn these stockks. Avoid trading
a BATAINDIA, GODR
REJIND, MCLEODRU
M
USS and TA
ATAGLOBAL.
rest of thee FMCG Stoocks such as
SCRIP
LTP
DESCRIPTION
Asian Paints
746
Intermediate Trend is up in ASIANPAINT. Prices have seen a mild correction. That correction
seems over as prices are finding support near 730 from last 4 trading days. Buy this stock above
750. If this trade executes then place your stop just below 735 and a target near 780.
Maruti
3387.60
MARUTI is consolidating from last 2 months at its top of the rally. Prices are trading inside a
range 3250 – 3430. Prices are now at the verge of breakout and we may see an upside move in this
stock. Buy this stock above 3395. If this trade executes then place your stop just below 3355 and a
target near 3495.
Mindtree
1234.25
Trend is up in MINDTREE. Prices are consolidating inside a range 1165 – 1215 from last 2 weeks.
That range has seen a breakout and prices have closed above to this range. Buy this stock above
1240. If this trade executes then place your stop just below 1220 and a target near 1280
Wockpharma
929.05
Trend is up in WOCKPHARMA. Prices have seen a sharp correction and made its low near 870.
After that prices started trading choppy and narrow. We may see a breakout from this narrow price
action. Buy this stock above 945. If this trade executes then place your stop just below 915 and a
target near 1005.
Markets are in an uptrend, which tell us not to go short. This letter has been consistent in its advice to stay on the long side of the
market. Always, go with the flow. .
FII/DII Data
•
•
•
•
FIIs net Buy 1.06 Bln rupee shares in Index Future
FIIs net Sell 0.63 Bln rupee shares in Stock Future
FIIs provisionally net Sell 3.35 Bln rupees shares
DIIs provisionally net Buy 3.89 Bln rupees shares
Corporate & Economic News
•
•
•
•
•
•
•
GMR-Megawide Cebu Airport Corporation (GMCAC), a joint venture between GMR Infrastructure (40%
shareholding) and Megawide Construction Corporation (60% shareholding), has signed financing
documents for its Mactan Cebu International Airport (MCIA).
Suzlon Group firm Senvion SE has bagged orders worth over Rs 420 crore for setting up wind power
projects having nearly 64 MW capacity in the UK.
The irrigation and water divisions of Hyderabad-based infrastructure company, IVRCL Limited, has
bagged orders aggregating Rs 1,255.67 crore. These include a Rs 1,022.58-crore order from Karnataka
Neeravari Nigam Limited for the Tubchi-Babaleshwar lift head works under the lift irrigation scheme,
which aims at providing water from Krishna river for the development of drought-prone areas of
Jamakhandi, Athani and Nijapur talukas in Karnataka.
BHEL has bagged a Euro 16.96 million contract for a thermal power project in Turkey
Orchid Healthcare Private Limited, promoter group company of Orchid Chemicals and Pharmaceuticals
Ltd (OCPL), has picked up 1,48,09,801 equity shares for Rs 73.73 crore in OCPL on preferential basis.
Grasim, the men's lifestyle brand of the Adiya Birla Group, is targetting to scale up its presence in tier II
and III cities to drive future growth.
Housing Development Finance Corporation (HDFC) today informed the exchanges that they have agreed to
sell up to 1,89,51,361 equity shares of Rs 10 each of HDFC Standard Life Insurance Company Limited
HDFC Life) to the Azim Premji Trust at a price of Rs 105 per share.
Source: Business standard, Economics times
Corporate Actions
Symbol
ORBITCORP
INFODRIVE
CTE
AMTEKINDIA
Purpose
Ex-Date
Purpose
Ex-Date
AGM
Face Value Split (Sub Division) - From Rs
10/- Per Share To Re 1/- Per Share
AGM
AGM / Final Dividend - Re 0.10/- Per Share
23-Dec-14
24-Dec-14
AMTEKAUTO
AHMEDFORGE
Symbol
AGM / Final Dividend - Re 0.50/- Per Share
AGM / Final Dividend - Re 1/- Per Share
24-Dec-14
24-Dec-14
24-Dec-14
24-Dec-14
RSYSTEMS
Fourth Interim Dividend
26-Dec-14
BOARD MEETINGS
Scrip Name
Purpose
Meeting Date
Scrip Name
Purpose
Meeting Date
NTPC
Scheme of Arrangement
23-Dec-14
COUNTNDEN
General
25-Dec-14
LUMITECH
General
23-Dec-14
JINDALPHOT
Scheme of Arrangement
29-Dec-14
CUB
General
24-Dec-14
JINDALPOLY
Scheme of Arrangement
29-Dec-14
STARLITE
General
24-Dec-14
BAJAJFINSV
Quarterly Results
14-Jan-15
HESTERBIO
General
24-Dec-14
BAJFINANCE
Quarterly Results
14-Jan-15
BAJAJ-AUTO
Quarterly Results
15-Jan-15
BAJAJHLDNG
Quarterly Results
15-Jan-15
Private circulation only:
Disclaimer; the recommendation made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. Readers using the information contained herein are solely responsible for their actions.
The information and views contained herein are believed to be reliable but no responsibility or liability is accepted for errors of act or opinion. Analysts may or may not have trading or investment positions in the securities mentioned herein.

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